Huobi Global to Delist HUSD - Stablecoin Slips Below $1 Parity to $0.89-Altcoins Bitcoin News - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
Image: cyptoranking.com

For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week. The blockchain research firm says that the North Korean hacking organization, the Lazarus Group, is responsible for nearly 13% of the total funds laundered through cross-chain and cross-asset protocols. Huobi Global to Delist HUSD - Stablecoin Slips Below $1 Parity to $0.89-Altcoins Bitcoin NewsIn PoB consensus, validators don’t have to invest in expensive hardware resources. Instead, they can burn coins by transferring them to an address. But these coins cannot be retrieved from the addresses. Despite facing sanctions from the U.S. Treasury in August 2022, Tornado Cash continues to dominate as the premier crypto mixer on the Ethereum network.

Exchange Rankings Crypto
Image: cyptoranking.com

"I think this is just gonna be a huge sector, and it’s going to be important for everything, not just in terms of the economy, but there’s probably defense components and things like that," he continued. "I think the US having a lead on that is important." Two Dynamic Realms of Racing Beginners guide to buying Dogecoin and DigiToadsDisclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.The craze of decentralized finance is raging. Although the cryptocurrency world can be overwhelming for people who have just started their decentralized trading journey, the returns it offers urge them to take chances even with the new technology.To make investing and trading these currencies user-friendly and easily understandable, several decentralized platforms are emerging, taking advantage of the rising crypto fever.These platforms provide an interface to crypto users and are an educational resource that makes the cryptocurrency world more accessible for beginners. One such easy-to-use network is NEST. This article will explain the NEST platform's solutions to crypto users facing volatile market conditions with a safe and trusted mechanism.Let’s begin!What is the NEST Protocol?The NEST protocol is a decentralized trading infrastructure called the martingale network. It leverages smart contracts to eliminate the top crypto market makers, providing traders infinite liquidity to their funds through a risk-sharing concept.It is utilized for various purposes, including decentralized contract exchanges, financial supermarkets, on-chain and off-chain risk hedging, lottery platforms, GameFi, metaverse, and prop synthesis.The platform has its token, NEST, issued on the Ethereum ERC20 protocol with a total value of 1500 integers. The total supply of NEST tokens is ten billion.The NEST network has achieved a significant number of followers on major social media platforms, including TikTok (1.1 Million), Twitter (948.1 K), and Telegram (114 K).Besides being popular on social media channels, NEST has also been launched on dozens of exchanges, including Coinbase, and has partnerships with 100+ project owners and institutions.What is Martingale Trading?A Martingale trade is where the cost you pay to buy the asset at the current time is equal to the mathematical expectation of the asset at subsequent points in time.The martingale function automatically raises the cost of the majority of positions. It compensates for the minority of positions to ensure the overall fairness of the transaction, which reduces the net exposure of the system to a certain extent.It ensures that the system is not exposed to more risk than it can bear by limiting its maximum position.Challenges Of Current Decentralized ExchangesHere are the risks and problems involved with existing decentralized exchanges:Restricted cross-channel transaction: One of the significant problems of decentralized platforms is the need for more provision for cross-chain transactions. It also proves to be one of the critical reasons for the slow adoption.Dormancy of order management: Existing decentralized exchanges have been doomed to a great extent due to the restricted generation of volumes due to inefficiencies in the design. This also tends to create a high cost for the market makers. They spend a steep cost on gas every time an order is posted, modified, or canceled.Low liquidity and limited transaction volumes: The cryptocurrencies displayed on decentralized platforms have a low liquidity problem. It also generates problems in the liquidity pool system, causing liability and inflationary pressure on the whole system.How Does NEST Martingale Solve These Problems?Here is how NEST Martingale can help you solve problems of existing decentralized exchanges:NEST Martingale allows derivative trading by eliminating the need for market makers or liquidity pools.This network provides an unlimited supply of financial products using smart contracts, the largest seller in the entire system. You can quickly burn your NEST tokens to buy a wide range of financial products on the Martingale network.NEST Martingale network solves the problem of coordinating with intermediaries by eliminating added costs and delays. All the data is collected and gathered anonymously, and companies don’t need to contact a third party, which saves time and money.NEST Martingale network is one of the top cost-effective decentralized trading platforms that achieve 100% of the transaction fee as a rebate for referred trades. The NEST platform doesn’t have any custody cost, no technical cost, no liquidity cost, and no interest cost.The risk is managed significantly using the NEST martingale network as it automatically increases the cost of the majority of positions and redresses the minority. This ensures the transaction's impartiality, reducing the overall system's net exposure to a great extent.Final Thoughts Compared to other decentralized platforms, NEST has a relatively high supply of tokens, making it an impressive and inviting network for beginners and established traders. Another intriguing factor of the network that makes it a must-choice is the reliable data it offers.With its innovative and upgraded technology, NEST promises to increase the likelihood of mass blockchain adoption with an accurate and secure system for all traders and investors. Its future also holds the possibility of 1000+ trading users daily.PrimeXBT: the safe bet platform for trading during the bear market DogeCoin's Q3 Performance: Dogecoin (DOGE) saw an multiple price surges in Q3, fueled by speculations of its role on the newly rebranded X platform. For instance, on July 24, within a 24-hour period, DOGE's price spiked by up to 10%, reaching over $0.077 with a trading volume of $2.3 billion. This surge was largely attributed to activity on the South Korean exchange UpBit, which is known for speculative trading against the Korean won.

In a push to solidify its global footprint, Gemini, a leading crypto exchange, has enlisted the expertise of former Paytm Vice President Sachin Ranglani to spearhead its expansion in India. However, caution is advised, as the sentiment in the broader crypto market remains sensitive to macro events. ByBit Joins Long List Of Crypto Exchanges To Exit CanadaA recent study conducted by crypto derivatives exchange Bitget across 20 countries found that China displayed the highest level of engagement with cryptocurrencies. Despite the inherent volatility within the crypto market, a considerable number of financial experts have been attracted to the sector and have chosen to continue their association even after market corrections.

Zuckerberg acknowledged that "not everything we do is open source" at Meta, but said that much of its work is, and that his company leans "probably a little more open-source" than his competitors. He did acknowledge that the risk of making all of the code open source is that it could be abused. The defense lawyers argued that SBF is a math nerd who overlooked risk management but did not steal from customers. However, prosecutors said the entire FTX empire was "built on lies." 5 Best Ways to Buy Bitcoin With PayPal in 2023Source / CryptoNews.comCrypto markets are yet again undertaking another game-changing innovation: Bitcoin Minetrix's stake-to-mine system.As the crypto community enthusiastically anticipates the full potential of this new project, let's dive deep into the intricacies of the Bitcoin Minetrix and its ongoing presale.Stake-to-Mine: Unveiling a New HorizonAt the core of Bitcoin Minetrix lies its unique stake-to-mine mechanism - it offers an enticing 1224% Staking APY and invites users to simply hold $BTCMTX to embark on this journey.As the presale gallops past the $500,000 mark, securing these tokens now promises not just affordability but also the gateway to this new era of crypto incentivization.Once onboard, users can lock in their tokens, depending on their preference, on the platform's staking dashboard.Over time, the rewards start flowing - initially, you earn more of $BTCMTX as staking rewards, which can be traded or held for long-term appreciation.But, the real game-changer arises with the future introduction of non-transferable cloud mining credits that can be burnt to reap BTC mining rewards.This non-transferability serves as a robust deterrent against potential thefts and hacks.Deciphering Bitcoin Minetrix's Distinctive EdgeIn a market saturated with cloud mining platforms, Bitcoin Minetrix carves its own niche by offering completely passive income.Unlike traditional platforms demanding investments in hardware or intricate mining contracts, Bitcoin Minetrix simplifies the process.There's no need for initial capital, hardware intricacies, or specialized mining knowledge.Instead, Bitcoin Minetrix leverages the prowess of established mining entities and democratizes the arena, welcoming retail investors.Furthermore, the project is positioned as the first tokenized Bitcoin cloud mining operation - it's not often that a crypto initiative arrives with such a potent business model.By merely buying and staking their token, users can effortlessly initiate the automated system to accrue credits, ready for cloud-based Bitcoin mining.Safety, Security, and DecentralizationSource / Bitcoin MinetrixBitcoin Minetrix (BTCMTX) operates as an ERC-20 token on the Ethereum blockchain, ensuring robust security and reliability.This eliminates the concerns associated with joining external mining pools or subscribing to cloud mining services riddled with potential fraud risks.Another critical aspect where Bitcoin Minetrix shines is its commitment to decentralization.Centralization often poses security risks and potentially undermines the core ethos of blockchain.Bitcoin Minetrix disrupts this by redistributing mining profits from major corporations to retail investors via its novel Stake-to-Mine system.Stepping into the Bitcoin Halving Bull RunSource / TechopediaBitcoin Minetrix is also poised perfectly to capitalize on the upcoming Bitcoin halving - every four years, a halving event slices the block rewards in half.On the surface, this may seem like a setback for miners, but the reduced influx of coins often catapults their value.Bitcoin Minetrix offers a vantage point for investors to tap into this anticipated surge without the associated capital risks.Get Involved Now: The BTCMTX PresaleAt the crux of this revolution is the BTCMTX presale - currently, an impressive $810,407.38 has been raised out of the $3,080,000 target, with each BTCMTX priced at a mere $0.011.This presale is not just an investment opportunity; it's a ticket to the forefront of the stake-to-mine evolution.Bitcoin Minetrix is still in its first phase, with further developments, launches, and expansions on the horizon.For those eager to join, multiple payment methods including ETH, USDT, BNB, and bank cards are accepted.And if you're an ETH investor, the staking-to-earn journey can commence immediately.Overall, Bitcoin Minetrix is not just another token in the market; it's a harbinger of a new crypto paradigm.With its innovative approach, security measures, and the massive potential of the stake-to-mine mechanism, it offers a golden opportunity for early investors.Join the BTCMTX presale and be a part of this transformative journey.Buy BTCMTX HereDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.10 Best Crypto Wallets for UK Traders - Compare Bitcoin Wallets Sustainability

Have an opinion on this story? Share it!